- US spot Ether ETFs recorded $795.8 million in outflows over five days as ETH fell 10.8% to $3,995.
- SEC’s stance on staking looms large; Grayscale is preparing to stake its ETH holdings amid pressure.
- Bitcoin ETFs faced $897.6 million in outflows, but analysts called it “the largest launch ever.”
US-based spot Ether exchange-traded funds (ETFs) have logged their second consecutive multi-day outflow in less than a month, highlighting ongoing investor caution in the market.
The selling coincided with Ether (ETH) sliding more than 10% over the past week, reflecting broader concerns about crypto demand and regulatory uncertainty.
Five straight days of outflows for Ether ETFs
Data from Farside show that spot Ether ETFs recorded net outflows for five consecutive days this week, totaling $795.8 million.
Friday alone saw $248.4 million withdrawn, capping a difficult week for the products.
Ether traded down 10.8% to $3,995.33 over the past seven days at the time of writing.
This was the first time Ether ETFs experienced five straight days of outflows since the week ending Sept. 5, when the asset was trading near $4,300.
The recurring pressure suggests diminished short-term investor appetite, even as longer-term developments around staking could reshape market sentiment.
Staking approval could change market dynamics
Market participants continue to watch signals from the US Securities and Exchange Commission (SEC) on whether staking will ultimately be permitted within spot Ether ETFs.
Staking—allowing investors to earn yields by locking ETH—could provide extra incentives for long-term holders and increase the product’s utility.
On Sept. 19, reports indicated that Grayscale was preparing to stake a portion of its substantial Ether holdings, a move some interpreted as a vote of confidence that regulators may soon allow staking within exchange-traded products.
Despite that potential catalyst, current trading data underscore persistent selling pressure.
Cointelegraph noted that net taker volume on Binance has stayed negative over the past month, signaling cooling retail participation in Ether.
Crypto analyst firm Bitbull described the ETF outflows as a “sign of capitulation because panic selling is very high.”
Bitcoin ETFs also seeing withdrawals
The sell-off was not limited to Ether.
Spot Bitcoin ETFs also posted five consecutive days of outflows, totaling $897.6 million over the same period.
Bitcoin fell 5.28% over the past week, trading at $109,551 at the time of publication.
While recent outflows reflect fading momentum, analysts remain broadly optimistic about the long-term trajectory of Bitcoin ETFs.
ETF analyst James Seyffart said on a Thursday podcast that although Bitcoin ETFs haven’t been “super hot in recent months,” they still represent “the largest launch of all time.”
“The amount of money flowing in here is unlike anything we’ve ever seen,” Seyffart added, saying the Bitcoin ETFs have performed “about as well as you would expect.”